Sections
Get a job in games graphic

Level up your career

Learn about working in games

Sign up to the GI Jobs board

View jobs board

Making the games industry a better place to work

See best places to work
Get a job in games graphic

Microsoft estimates lowered on Xbox sales concerns

Investment bank Caris believes Sony price cuts could lead to "modest market share loss"

Investment bank Caris has lowered it revenue estimates for Microsoft by USD 500 million based on its belief that slowing Xbox 360 sales will drag the software giant down from original projections of USD 12.8 billion to USD 12.3 billion, reports Briefing.com.

The bank believes that the slower hardware sales, while generally resilient in a tough economy, is also in part down to the aggressive price point strategy unveiled by Sony at this year's Gamescom event in Cologne last month.

According to the firm the Xbox 360 stands to lose "modest market share" as the full year revenue estimates falls by USD 800 million to USD 59.1 billion.

The company's share price rose slightly on the opening of the market today by 0.74 per cent to USD 25.96.

Get a job in games graphic

Level up your career

Learn about working in games

Sign up to the GI Jobs board

View jobs board

Making the games industry a better place to work

See best places to work
Get a job in games graphic

More stories

Microsoft Store gives app developers option to keep 100% of revenue, but not games

The company will allow third-party payment systems from July 28, but not for game developers

By Marie Dealessandri

Kim Swift joins Xbox Game Studios Publishing

Former Stadia game design director signs on as senior director of cloud gaming

By Brendan Sinclair

Latest comments

Sign in to contribute

Need an account? Register now.